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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 15-01461 Date: 10/29/20 15 Commission Meeting Date: 12/10/2015 Type: X Resolution I 1 Other Law Department Matter ID No. Requesting Department: Community Development District Impacted: 1,2,3,4,5 Ordinance I I Emergency Ordinance I 1 Discussion Item Subject: APPROVAL OF THE AFFORDAI3LE HOUSING INCENTIVES STRATEGIES Purpose of Item: APPROVING THE CITY OF MIAMI DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT'S AFFORDABLE HOUSING INCENTIVE STRATEGIES AS RECOMMENDED BY THE HOUSING AND COMMERCIAL LOAN COMMITTEE AS REQUIRED BY F.S. 420.9076; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENT(S) TO IMPLEMENT SAID AFFORDABLE HOUSING INCENTIVES STRATEGIES; Background Information: Please see attached Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) CIP Budget 4.1.1, If using or receiving capital funds Grants Purchasing Chief Risk Management Dept. Director City Manager Page 1 of 1 AGENDA ITEM SUMMARY FORM CONTINUED BACKGROUND INFORMATION Pursuant to Resolution No. 00-867, adopted September 28, 2000, the City Commission approved the establishment of a Housing and Commercial Loan Committee ("HCLC") with authority to approve certain housing and commercial loans or grants to be provided by the City through various State and Federal funding sources. The authority and composition of the Housing and Commercial Loan Committee was amended by the City Commission by Resolution 02-14 adopted January 10, 2002, Resolution No. 03-993, adopted September 11, 2002, and Resolution 04-0156, adopted March 11, 2004; and Ordinance No. 13030 adopted on October 16, 2008, to include, among other duties, the approval of local affordable housing incentive strategies. The HCLC serves as the City of Miami's Affordable Housing Advisory Committee ("AHAC") as required by F.S. Chapter 420.9072. The HCLC's role as an advisory committee, pursuant to Florida Statute 420.9076, is to review the established policies and procedures, ordinances, land development regulations and the adopted local government comprehensive plan and to recommend specific actions. Effective February 21, 2008 the AHAC, in compliance with Rule 67-371.010, must approve the affordable housing incentive strategy recommendations every three (3) years. On November 18, 2015, the HCLC recommended continuing the following affordable housing incentive strategies which are currently offered by the City: 1. Expedited permitting, 2. Reduction of parking and Setback Requirements; 3. Impact -Fee DeferralANaiver; 4. Allowance of Flexibility in Densities and Intensities; i.e. Floor Area ratio; 5. Review of Legislation, policies and Plans that impact Affordable Housing. The City Administration recommends the approval of the affordable housing incentives strategies as recommended by the HCLC.